OREANDA-NEWS. January 11, 2009. Russian Federal Space Agency Prepares Proposals on Reorganization of the Russian Rocket and Space Industry. Roscosmos will Keep Its Position of a Federal Executive Authority.

Anatoly Perminov, Head of the Russian Federal Space Agency, informs about planned establishment of a unified rocket space corporation in Russia. "By mid 2009, we have to submit our proposals to the Russian Government. If this proposal is approved, we will begin reorganization process in the second half of 2009”, said Mr. Perminov. He also states that Roscosmos has already developed a proposal on reorganization of the Russian rocket and space industry and establishment of the unified corporation. Anatoly Preminov clarifies that Roscosmos will remain as an authorized executive body. “Roscosmos will keep some of the current functions”, says Roscosmos Head. The holding to be establish will include the major Russian rocket space companies.